Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to Accounting today, General Electric Co. was fined $200 million for allegedly misleading investors about the finances of its gas-power unit, as well as a run-off insurance business.


  1. According to the article, what did GE fail to explain to its shareholders?
  2. What is GE required to report for the first year to the SEC as part of its settlement?
  3. Where is GE based?


Robinson, M and R. Beene. 2020. SEC’s GE accounting probe ends in $200M fine. Accounting Today, Dec. 9 (Retrievable online at